Lakefront Paradise with Income Potential on Canyon Lake. Indulge in the ultimate lakeside lifestyle with this home with a successful history as a short-term rental, offering an opportunity for lucrative income generation. Situated on over half an acre of prime lakefront property, this two-story retreat offers unparalleled views of the stunning Canyon Lake sunset, promising moments of serenity and tranquility. Step inside to discover an inviting open-concept layout that effortlessly blends spaciousness with warmth. The living area, dining room, and kitchen flow seamlessly together, creating the perfect space for gatherings and entertaining. The kitchen is a culinary masterpiece, featuring granite countertops, light cabinetry, stainless steel appliances, a breakfast bar, wine refrigerator, and wine storage, catering to both functionality and style. A highlight of the main residence is the expansive great room, with a striking stone fireplace, vaulted ceiling, and a floor-to-ceiling library wall with a charming library ladder, offering a cozy retreat for relaxation and leisure. The primary bedroom suite on the ground floor is a luxurious haven, complete with a large walk-in shower, double vanity, walk-in closet, and direct access to a serene private garden oasis. Two additional bedrooms on the second floor share a full bath, outdoor deck, and connecting seating area, perfect for unwinding while enjoying breathtaking lake views. The main house features additional sleeping areas in the front room and above the library in the loft, accommodating up to 10 guests. Three separate living/gathering areas provide ample space for entertaining and socializing. Adjacent to the main residence, the guest house presents a private haven for visitors or a lucrative income opportunity. Featuring a kitchenette, living area, bedroom, full bath, loft, and a seating area with a fire pit, guests will enjoy complete privacy and comfort during their stay, with the guest house accommodating up to 4 guests. Step outside to discover a plethora of amenities designed for outdoor enjoyment and relaxation. A large multi-level deck offers sweeping views of Canyon Lake, while an above-ground pool with easy deck access provides the perfect spot for cooling off on warm summer days. A charming private party cottage down by the water, complete with a seating/sleeping area, kitchenette, half bath, and outdoor space, sets the stage for unforgettable gatherings by the lake. Additional outdoor features include a greenhouse, gazebo near the shore's edge, multiple seating areas, storage sheds, fenced gardens, and lush grassy areas with mature trees, creating a picturesque setting for outdoor living and entertainment. Conveniently situated close to boat ramps 22 and 23, with one located at the end of the street, this property offers easy access to Canyon Lake for boating enthusiasts. Ample parking for RVs or boats on the property ensures convenience and flexibility for all your outdoor adventures. Whether you're seeking a peaceful retreat, a lucrative investment property, or a stunning lakeside home for year-round living, this remarkable property offers it all. Don't miss your chance to experience the magic of Canyon Lake from this exceptional residence. Schedule your private tour today and make your lakeside dreams a reality.